Federal funding for local entrepreneurs
Posted Mar 1, 2016 05:17:44 PM.
This article is more than 5 years old.
A financial boost for entrepreneurs in our area.
Around $5-million dollars in federal funding was announced for Bioenterprise Corporation in Guelph which will be working with Innovation Guelph.
The cash is aimed at helping start-ups get off the ground.
This specifically will help those in agriculture and agri-foods technologies, sustainable and environmental technologies, advanced manufacturing and social innovation industries.
The Government of Canada release says:
Funding is geared towards supporting high-potential early-stage innovative companies in agriculture and agri-foods technologies, sustainable and environmental technologies, advanced manufacturing and social innovation industries. Each recipient will receive:
Up to $30,000 in seed financing, matched by the business; and
Up to $10,000 in mentoring, market research and validation, and introductions to investors.Applications will be accepted via the following two streams:
1. The Bioenterprise Seed Funding program will accept applications from companies in the following sectors:
Agriculture and agri-food technologies;
Sustainable and environmental technologies.2. Innovation Guelph, through its new Fuel Injection program, will accept applications from companies in the following sectors:
Advanced manufacturing;
Social innovation.
